Friday, March 26, 2021

SPX and INDU Updates

Last update noted the lower zones to watch, but SPX managed to find support just above the 3840-50 zone.  This remains a flummoxing market, which is in keeping with the gravity of the potentially-major inflection zone:

Near-term, there are multiple options at present and no "defining waves" to add clarity:

In conclusion, the market remains within a major inflection zone, which is likely why the near-term waves want to add as much ambiguity as they can.  For now, we'll continue watching support/resistance zones for next clues.  Trade safe.

1 comment:

  1. Expanded flat looks pretty fine this Friday pm. Any luck getting my registration approved under papadop007 userid Been a few weeks...